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    SAP SRM

SAP SRM
Article Index
SAP SRM
Strategic sourcing
Operational procurement
Supplier Relationship Management
Implementation, Business benefits
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As companies have to face the continuous pressure of rationalizing costs, purchasing has an increasingly important role and is becoming a key factor in achieving competitiveness. Sourcing and enhancing the management of the relationship between procurement organizations and suppliers has become an important tool in improving the bottom line of the company. This should come as no surprise considering the relationship between the timely availability of critical products and services on the one hand and the financial performance of the company (and the security of the income source) on the other. This SAP solution effectively helps all areas.

The SAP Supplier Relationship Management (SAP SRM) solution package provides an electronic purchasing platform that covers the whole purchasing cycle from defining strategic procurement and sourcing through operational purchasing to better collaboration with suppliers.

What has SAP SRM got to offer you?

Defining sourcing and purchasing strategies
Simplifying and automating the whole procurement process
Enterprise-wide supply management
Reducing cycle times
Continuously optimizing supplier selection
Creating effective supplier relationships for all products and services
Gaining better insight into the procurement chain and global costs

After the turn of the millennium, the new functions of (electronic) procurement were developed in SAP SRM already, so in many respects, this solution surpasses the capabilities of the SAP Material Management (MM) module. Its main areas and components are described below.

Content

Central to the SAP SRM solution is the ability to unify, manage, and/or publish content, usually in the form of an electronic catalog.
 



 

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